Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 2301: The forum for the selling and of buying of securities of small and medium companies is called Options:
  A) Second Tier Foreign Exchange Market
  B) Foreign Exchange Market
  C) Securities and Exchange Commission
  D) Second Tier Securities
  Show Answer
  The correct answer is A .
• Question 2302: In business, the computer is very important especially in? Options:
  A) financial amnagement
  B) marketing management
  C) educational management
  D) information management
  Show Answer
  The correct answer is D .
• Question 2303: Primary production is associated with? Options:
  A) banking
  B) manufacturing
  C) agriculture
  D) construction
  Show Answer
  The correct answer is C .
• Question 2304: The form of capital which is easily transferred into the form desired is known as? Options:
  A) working capital
  B) liquid capital
  C) circulating capital
  D) capital employed
  Show Answer
  The correct answer is C .
• Question 2305:

  A group of companies is a collection of? 

  Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 2306: A pro-forma invoice is sent to inform a buyer about the Options:
  A) quantity of goods
  B) prices of goods
  C) designation of goods
  D) quality of goods
  Show Answer
  The correct answer is B .
• Question 2307: The difference between indemnity insurance and non-indemnity insurance is that the latter provides Options:
  A) cover for exporters against risks
  B) cover for importers against risks
  C) full payment to the insured
  D) consolation payment to the insured
  Show Answer
  The correct answer is D .
• Question 2308: One of the main features of a partnership is? Options:
  A) limited liability
  B) lack of corporate existence
  C) unlimited membership
  D) lack of utual confidence
  Show Answer
  The correct answer is B .
• Question 2309:

  Which of the following organizations provide essential goods and services at low cost to citizens?

  Options:
  A) Thrift societies
  B) Public enterprises
  C) Private companies
  D) Cooperative societies
  Show Answer
  The correct answer is B .
• Question 2310:

  One of these is not a major in the production process?

  Options:
  A) Producers
  B) Distributors
  C) Marketers
  D) Consumers
  Show Answer
  The correct answer is C .